Nolato Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St · 10/26 07:09

Nolato (STO:NOLA B) Third Quarter 2024 Results

Key Financial Results

  • Revenue: kr2.40b (up 2.6% from 3Q 2023).
  • Net income: kr164.0m (up 138% from 3Q 2023).
  • Profit margin: 6.8% (up from 2.9% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
  • EPS: kr0.61 (up from kr0.26 in 3Q 2023).
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OM:NOLA B Earnings and Revenue Growth October 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nolato Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Industrials industry in Sweden.

Performance of the Swedish Industrials industry.

The company's shares are up 5.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Nolato that you should be aware of.